[WilliamofCarmichael]

China must repair its corruption-ridden and bad-debt burdened banking system.

How can they do that without closing down tens thousands of worthless, nonperforming-loan-supported Mao-era "enterprises" and throwing tens of millions more people out of work -- and avoid revolution?

Come on, "free traders!" Your buddies need your money. They need your investment to cover their corruption and bad-debt. What's a few tens of billions dollars more?

It's for the children's toys, clothes, computers, TVs, and advanced nuke missiles. Ooops. That last one is for the PLA, sorry.

[NewLand]

I understand your points, and don't necessarily disagree with much of it, but the alternative to your extreme analysis would have been to boycott or tariff or not trade with China, and watch them become a giant North Korea.

So, I see this as a game of chess which we can always take out their 'king' if necessary. They cannot do the same.

We need to ratchet the pressure on their Chicom govt slow, steady, and non-stop, until they collapse and the rebuilding begins.

Checkmate.